Spirits soar as liquor store replaces bank

N&S Wines inks a deal for a Flushing location, previously home to a Capital One Bank branch.

Just in time to lift spirits for the holidays, a new liquor store will open in Flushing, Queens.

N&S Wines signed a 10-year lease for a 4,000-square-foot space at 58-50 Francis Lewis Blvd., replacing a Capital One Bank branch. The shopping plaza also houses a diner, a Waldbaum’s grocery store, a Duane Reade and several smaller stores. The asking rent was $45 per square foot.

Mr. Dolgin said the new tenants own several other liquor stores in the area, mainly on Long Island. They chose the location themselves and approached the owner about leasing the space. It was a spot they had their eye on for some time.

“They had spotted the site previously and we weren’t able to rent it at the time,” Mr. Dolgin said. “They followed up.”

Mr. Dolgin said N&S Wines is expected to move in before the end of the month.